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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Penalty u/s 271(1)(c) - Quantum additions upheld by all the ...


Section 271(1)(c) Penalty Not Applicable: No Evidence of Inaccurate Income Details or Concealed Income by Assessee.

March 29, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - Quantum additions upheld by all the appellate authorities - in absence of cogent incriminating material to show that the assessee had infact furnished inaccurate particulars of income or had concealed its particulars of income, penalty u/s 271(1)(c) is not leviable

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